Matthew Boesler writes:
We have noted how, based on weekly data from BofA Merrill Lynch, it appears that hedge funds have been sellers of stocks for the last several weeks, while on the flip-side of the coin, individual investors have been buying up stocks at a rapid pace over the same timeframe. Now – coincident with the “rough patch” the S&P 500 has run into the market hasn’t really gone down, just sideways – those roles appear to have reversed.
Read more at BAML Client Flows February 5 – Business Insider.